UBS Group AG (NYSE:UBS) Shares Purchased by Creative Planning

Creative Planning raised its position in UBS Group AG (NYSE:UBS) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,010 shares of the bank’s stock after acquiring an additional 24,338 shares during the quarter. Creative Planning’s holdings in UBS Group were worth $7,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after buying an additional 41,027,134 shares during the period. M&G Plc acquired a new position in shares of UBS Group in the first quarter worth $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after acquiring an additional 5,508,422 shares during the period. Acadian Asset Management LLC raised its stake in shares of UBS Group by 72.7% in the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock valued at $250,360,000 after acquiring an additional 3,421,396 shares in the last quarter. Finally, Susquehanna International Securities Ltd. boosted its holdings in UBS Group by 162.3% in the second quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after purchasing an additional 3,103,747 shares during the period.

UBS Group Stock Down 1.7 %

UBS Group stock opened at $31.95 on Thursday. The stock has a market cap of $102.45 billion, a PE ratio of 3.48 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average is $30.71 and its two-hundred day moving average is $30.10. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.88.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same quarter last year, the company earned $1.88 EPS. On average, sell-side analysts expect that UBS Group AG will post 1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UBS shares. Bank of America began coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.